TradingView
jigneshjc
8 Kas 2021 14:05

Jigga - Relative Strength - Sectors 

Nifty 50 IndexNSE

Açıklama

Hi All !!

I came across relative strength concept from below indicator.
Indicator Name: (Relative-Strength by modhelius)
Note: Sorry !! Could not add indicator url here.

Formula:
RelativeStrength = (sectorValue / sectorValue[length]) / (indexValue / indexValue[length]) - 1 * 100

I used same concept and combine all sector's relative strength against Nifty50 index.

How to use:
You can change length based on your convenience and show/hide sectors.
Indicator will show strength line for that sector.
you can use this to identify momentum stocks.
Yorumlar
nikhilgalani03092
Too good.
BitBoticz
great work
Daha Fazla